CapitalOne initiated coverage on Helmerich & Payne with a new price target
$HP
Oil & Gas Production
Energy
CapitalOne initiated coverage of Helmerich & Payne with a rating of Equal Weight and set a new price target of $40.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/16/2024 | Buy → Hold | The Benchmark Company | |
| 1/10/2024 | $44.00 → $40.00 | Overweight → Equal Weight | Barclays |
| 1/8/2024 | $47.00 → $41.00 | Overweight → Neutral | Piper Sandler |
| 1/2/2024 | Buy → Neutral | Seaport Research Partners | |
| 7/19/2023 | Hold → Buy | The Benchmark Company | |
| 7/10/2023 | $53.00 → $45.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 6/28/2023 | $40.00 | Equal Weight | CapitalOne |
| 4/18/2023 | $60.00 → $45.00 | Equal-Weight → Underweight | Morgan Stanley |
Establishes H&P as a global leader in onshore drillingImmediately accretive to cash flow and free cash flow per shareEnhances scale and diversification, now with leading positions in the U.S. and Middle East, the two most prominent oil and gas producing regions in the worldIncreases H&P's Middle East rig count(1) from 12 rigs to 88 rigs; positioning the Company as one of the largest rig providers in the Middle East marketExpects to maintain its high-quality investment grade credit ratingAdds complementary, asset-light global offshore management contract business and manufacturing and engineering operations in Europe and Middle EastH&P to host a conference call to discuss its fiscal third qua
B of A Securities analyst Chase Mulvehill maintains Helmerich & Payne (NYSE:HP) with a Buy and lowers the price target from $42.5 to $40.
4 - Helmerich & Payne, Inc. (0000046765) (Issuer)
3 - Helmerich & Payne, Inc. (0000046765) (Issuer)
4 - Helmerich & Payne, Inc. (0000046765) (Issuer)
The Benchmark Company downgraded Helmerich & Payne from Buy to Hold
Barclays downgraded Helmerich & Payne from Overweight to Equal Weight and set a new price target of $40.00 from $44.00 previously
Piper Sandler downgraded Helmerich & Payne from Overweight to Neutral and set a new price target of $41.00 from $47.00 previously
SC 13G/A - Helmerich & Payne, Inc. (0000046765) (Subject)
SC 13G/A - Helmerich & Payne, Inc. (0000046765) (Subject)
SC 13G - Helmerich & Payne, Inc. (0000046765) (Subject)
In conjunction with Helmerich & Payne, Inc.'s (NYSE:HP) fiscal fourth quarter 2024 earnings release, you are invited to listen to its conference call on Thursday, November 14, 2024, at 11:00 a.m. (ET) with John Lindsay, President and CEO, Kevin Vann, Senior Vice President and CFO, and Dave Wilson, Vice President of Investor Relations. Investors may listen to the conference call either by phone or audio webcast. What: Helmerich & Payne, Inc.'s Fiscal Fourth Quarter 2024 Earnings Release. Other material developments may also be discussed. When: 11:00 a.m. ET (10:00 a.m. CT), Thursday, November 14, 2024 Via Phone:
Helmerich & Payne, Inc. (NYSE:HP) ("H&P" or the "Company") announced today that it has priced an offering (the "Offering") of $1.25 billion aggregate principal amount of senior notes, comprised of the following tranches (collectively, the "Notes"): $350 million aggregate principal amount of 4.650% senior notes due 2027 to be issued at a price equal to 99.958% of their face value, $350 million aggregate principal amount of 4.850% senior notes due 2029 to be issued at a price equal to 99.883% of their face value and $550 million aggregate principal amount of 5.500% senior notes due 2034 to be issued at a price equal to 99.670% of their face value. The Offering is expected to close on Septemb
Helmerich & Payne, Inc. (NYSE:HP) ("H&P" or the "Company") announced today that it intends to offer senior unsecured notes (the "Notes") in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. persons outside the United States in compliance with Regulation S under the Securities Act (the "Offering"). The timing of pricing and terms of the Notes are subject to market conditions and other factors. The Company intends to use the net proceeds from the Offering, together with the proceeds of its term loan credit facility and cash on hand, to finance the p
4 - Helmerich & Payne, Inc. (0000046765) (Issuer)
8-K - Helmerich & Payne, Inc. (0000046765) (Filer)
8-K - Helmerich & Payne, Inc. (0000046765) (Filer)
8-K - Helmerich & Payne, Inc. (0000046765) (Filer)
In conjunction with Helmerich & Payne, Inc.'s (NYSE:HP) fiscal fourth quarter 2024 earnings release, you are invited to listen to its conference call on Thursday, November 14, 2024, at 11:00 a.m. (ET) with John Lindsay, President and CEO, Kevin Vann, Senior Vice President and CFO, and Dave Wilson, Vice President of Investor Relations. Investors may listen to the conference call either by phone or audio webcast. What: Helmerich & Payne, Inc.'s Fiscal Fourth Quarter 2024 Earnings Release. Other material developments may also be discussed. When: 11:00 a.m. ET (10:00 a.m. CT), Thursday, November 14, 2024 Via Phone:
Establishes H&P as a global leader in onshore drilling Immediately accretive to cash flow and free cash flow per share Enhances scale and diversification, now with leading positions in the U.S. and Middle East, the two most prominent oil and gas producing regions in the world Increases H&P's Middle East rig count(1) from 12 rigs to 88 rigs; positioning the Company as one of the largest rig providers in the Middle East market Expects to maintain its high-quality investment grade credit rating Adds complementary, asset-light global offshore management contract business and manufacturing and engineering operations in Europe and Middle East H&P to host a conference call to di
The Company reported fiscal third quarter net income of $89 million, or $0.88 per diluted share; including select items(1) of $(0.04) per diluted share The North America Solutions ("NAS") segment exited the third quarter of fiscal year 2024 with 146 active rigs and recognized revenue per day of $39,800/day with associated direct margins(2) per day of $20,300/day during the quarter Quarterly NAS operating income increased $16 million sequentially; while direct margins(2) increased by $6 million to $277 million, as revenues increased by $6 million to $620 million and expenses remained relatively flat at $343 million H&P's NAS segment anticipates exiting the fourth quarter of fisc
Helmerich & Payne, Inc. (NYSE:HP) today announced that Mark W. Smith, Senior Vice President and Chief Financial Officer, has informed the Company of his intention to retire in August of 2024. The Company has commenced a search process to identify CFO candidates. Mr. Smith will continue to serve in his current role until a successor is identified and has an opportunity to effectively transition into that position. Accordingly, Mr. Smith will remain as a senior advisor to the Company until December 2024 after his retirement date. President and CEO John Lindsay commented, "During Mark's nearly six-year tenure, he has played a pivotal role in helping navigate some of the most difficult times
Falcon Oil & Gas Ltd.("Falcon") Operational Update including the Successful Drilling of Amungee NW 3H Horizontal Well 16 October 2023 - Falcon Oil & Gas Ltd. (TSXV:FO, AIM: FOG))) is pleased to announce that drilling operations on the Amungee NW 3H ("A3H") well in EP98 have been successfully completed with Falcon Oil & Gas Australia Limited's joint venture partner, Tamboran (B2) Pty Limited. Details of operations are as follows: The A3H well was drilled, cased and cemented to a total measured depth ("TD") of 3,837 metres, including a horizontal section of 1,100 metres in the Amungee Member B-shale.The well intersected the Amungee Member B-shale at a total vertical depth ("TVD") of 2,272
Helmerich & Payne, Inc. (NYSE:HP) today announced that Elizabeth Killinger was appointed to the Company's Board of Directors. Killinger is currently Executive Vice President, NRG Home, a division of NRG Energy, Inc. (NYSE:NRG), which provides residential power and gas services to millions of customers through multiple brands and channels in the United States and Canada. She has over 30 years of domestic and international experience in the energy and services industries, including 20 years with NRG and its predecessors. Prior to joining NRG, Killinger spent a decade providing strategy, management and systems consulting to energy, oilfield services and retail distribution companies across t